Nebius Group’s Mushrooming Capex Overshadows Its Hypergrowth

Quick Read Nebius Group (NBIS) Q4 revenue hit $227.7M, surging 547% year-over-year on AI cloud demand. Nebius spent $4.1B on capex in 2025 and plans $16B to $20B for 2026. Nebius projects 2026 revenue of $3B to $3.4B with EBITDA margins approaching 40%. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Nebius Group (NASDAQ:NBIS) released its fourth-quarter and full-year 2025 earnings this morning that ...